The amendment, among other things, increases borrowing capacity from $120 million to $160 million, reduces interest rate charges and extends the facility for five years from the execution date, to May 28, 2019.

“While our existing credit agreement did not expire until December 2017, we believe that the current lending market, along with our improved financial performance, provides an opportunity to secure a long-term agreement, which works very well for the company,” said Keipp. “We are pleased to continue our relationship with GECC and Wells Fargo who have been valued lending partners.”

Huttig’s sales increased 9% in its most recent quarter, but it posted a net loss of $4.0 million.